Nigerian singer, born Innocent Udeme Udofot, better
known as MC Galaxy, has raised the alarm following the
alleged crash of the Mavrodi Mondial Moneybox,
otherwise known as ‘MMM’.
MC Galaxy said he lost N25million to the Ponzi scheme.
Recall that promoters and participants of MMM in Nigeria
on Tuesday woke up to panic as the ponzi scheme was
frozen and all confirmed accounts suspended. , although,
they have been called to calm, insisting the scheme had
not crashed.
On his Instagram page @mcgalaxymcg, the ‘Sekem’
crooner said his manager pushed him into the mess.
He wrote:
“That moment when u waiting for January 2017.
“God cover me over my enemies and MMM, 25m na
waooo!
“My manager @woleogundare pushed me to this. smh
#sad.”

nah 25milla dey make this grown-assed man piss for body?!

dave26c:
Nigerian singer, born Innocent Udeme Udofot, better
known as MC Galaxy, has raised the alarm following the
alleged crash of the Mavrodi Mondial Moneybox,
otherwise known as ‘MMM’.
MC Galaxy said he lost N25million to the Ponzi scheme.
Recall that promoters and participants of MMM in Nigeria
on Tuesday woke up to panic as the ponzi scheme was
frozen and all confirmed accounts suspended. , although,
they have been called to calm, insisting the scheme had
not crashed.
On his Instagram page @mcgalaxymcg, the ‘Sekem’
crooner said his manager pushed him into the mess.
He wrote:
“That moment when u waiting for January 2017.
“God cover me over my enemies and MMM, 25m na
waooo!
“My manager @woleogundare pushed me to this. smh
#sad.”

And who cares for Christ sake, did you make it known when you invested so much in mmm or will you swaer you have not made times two of your said investment. Nigeria is a country where exaggerations are accepted. My bro chop the one wey you don get, after all you didn't expect it to last for ever.

I don't do MMM but I think there's a limit to the amount anyone can invest.

If this post is true then mc galaxy is more stupid than i thought....

It's a pity but they never listen.

Common sense should tell anyone that pyramid schemes like this will crash.

And when you now warn them, theyll turn a deaf hear.

Jesus did speak about the deceptive power of riches!

Okosisiadada:
I don't do MMM but I think there's a limit to the amount anyone can invest.

He will open about 9 accounts to provide 25 mill. So it's unlimited as long as you have enough accounts

Attention seeker tapping into MMM debacle.

My brother i lost 60m too ooo


Chai.

chisos is lawd

Mathematical Implication Of MMM Suspension In Nigeria



With respect to the notice of MMM Get help suspension till Jan 17 2017, I have decided to write this post why the plan is a reliable or certain reason that MMM might eventually crash come January 2017.

While the additional 20% interest on any amount rendered as help in December is enough motivational factor to boost more people to provide help, which will eventually cater for the numerous people planning to Get help in this period. The plan to suspend it till January will only create a deficit effect on the system in the sense that number of people who will seek help will be more than those who are willing to provide. In fact those who are rendering help now know that before they can actually pay that money is in a month's time which is in Jan 17; and they can actually seek help the next day since they have reached the one month period of getting their own help. This will eventually crash the scheme as the number of people Getting help will be more than those Providing it and the vice versa is the necessary thing for the system to keep functioning.

What am trying to say to the guiders and those controlling the Scheme is to revert their suspension plan and concentrate on the additional 20% bonus on top the 30% for this seasonal period as that will increase people's interest in Providing help and won't scare them away. As our elders will say - chopping off ones head is not the cure to headache; like wise stopping or pausing MMM now is not the best option to take.

Please lets pass and share this till it get to the guiders and those in charge so they can review their suspension plan.

Nota bene: Omotayo is a Mathematics graduate from the University of Ibadan. And the concept of MMM is one that fascinates me.